Wolverine World Wide Stock Today

WWW Stock  USD 11.28  0.52  4.83%   

Performance

8 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 26

 
100  
 
Zero
Below Average
Wolverine World is selling for under 11.28 as of the 28th of March 2024; that is 4.83 percent up since the beginning of the trading day. The stock's lowest day price was 10.91. Wolverine World has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Wolverine World Wide are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
18th of December 1984
Category
Consumer Cyclical
Classification
Consumer Discretionary
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. Wolverine World Wide, Inc. The company has 79.91 M outstanding shares of which 4.93 M shares are at this time shorted by investors with about 5.51 days to cover. More on Wolverine World Wide

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Wolverine Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Wolverine World's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Wolverine World or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOBrendan Hoffman
Thematic IdeaApparel (View all Themes)
Business ConcentrationTextiles, Apparel & Luxury Goods, Consumer Durables & Apparel, Consumer Discretionary, NYSE Composite, SP Small-Cap 600, Apparel, Consumer Discretionary, Textiles, Apparel & Luxury Goods, Footwear & Accessories, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Wolverine World report their recommendations after researching Wolverine World's financial statements, talking to executives and customers, or listening in on Wolverine World's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Wolverine World Wide. The Wolverine consensus assessment is calculated by taking the average forecast from all of the analysts covering Wolverine World.
Financial Strength
Based on the measurements of operating efficiency obtained from Wolverine World's historical financial statements, Wolverine World Wide is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Wolverine World Wide is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.541.24
Fairly Up
Very volatile
Gross Profit Margin0.290.36
Significantly Down
Pretty Stable
Total Current Liabilities912.9 M869.4 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total938.1 M893.4 M
Sufficiently Up
Pretty Stable
Total Assets1.2 B2.1 B
Way Down
Pretty Stable
Total Current Assets584.3 MB
Way Down
Pretty Stable
Wolverine World's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Wolverine World's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Wolverine World's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Wolverine World's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Wolverine World's financial leverage. It provides some insight into what part of Wolverine World's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Wolverine World's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Wolverine World deploys its capital and how much of that capital is borrowed.
Liquidity
Wolverine World cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 1.09 B in debt with debt to equity (D/E) ratio of 2.46, meaning that the company heavily relies on borrowing funds for operations. Wolverine World Wide has a current ratio of 1.15, demonstrating that it may not have the ability to pay its financial commitments when the payables are due. Debt can assist Wolverine World until it has trouble settling it off, either with new capital or with free cash flow. So, Wolverine World's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Wolverine World Wide sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wolverine to invest in growth at high rates of return. When we think about Wolverine World's use of debt, we should always consider it together with cash and equity.

Capital Expenditures

24.04 Million
Wolverine World Wide (WWW) is traded on New York Stock Exchange in USA. It is located in 9341 Courtland Drive N.E., Rockford, MI, United States, 49351 and employs 4,100 people. Wolverine World is listed under Textiles, Apparel & Luxury Goods category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 859.84 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Wolverine World's market, we take the total number of its shares issued and multiply it by Wolverine World's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Wolverine World Wide runs under Textiles, Apparel & Luxury Goods sector within Consumer Discretionary industry. The entity has 79.91 M outstanding shares of which 4.93 M shares are at this time shorted by investors with about 5.51 days to cover. Wolverine World Wide has about 131.5 M in cash with 121.8 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.73.
Check Wolverine World Probability Of Bankruptcy
Ownership Allocation
Wolverine World Wide retains a total of 79.91 Million outstanding shares. The majority of Wolverine World outstanding shares are owned by institutional investors. These institutions are usually referred to as non-private investors looking to purchase positions in Wolverine World Wide to benefit from reduced commissions. Consequently, other corporate entities are subject to a different set of regulations than regular investors in Wolverine World Wide. Please pay attention to any change in the institutional holdings of Wolverine World Wide as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Wolverine Ownership Details

Wolverine Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Wolverine World jumping above the current price in 90 days from now is near 1%. The Wolverine World Wide probability density function shows the probability of Wolverine World stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 4.0264. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Wolverine World will likely underperform. Additionally, wolverine World Wide has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 11.28HorizonTargetOdds Above 11.28
99.46%90 days
 11.28 
0.53%
Based on a normal probability distribution, the odds of Wolverine World to move above the current price in 90 days from now is near 1 (This Wolverine World Wide probability density function shows the probability of Wolverine Stock to fall within a particular range of prices over 90 days) .

Wolverine Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Wolverine World that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Wolverine World's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Wolverine World's value.
InstituionRecorded OnShares
Diamond Hill Capital Management Inc2023-12-31
1.2 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.2 M
Dimensional Fund Advisors, Inc.2023-12-31
1.1 M
Bank Of America Corp2023-12-31
979.5 K
Bank Of New York Mellon Corp2023-12-31
918.1 K
New York State Common Retirement Fund2023-12-31
858 K
Goldman Sachs Group Inc2023-12-31
827.6 K
Northern Trust Corp2023-12-31
815.2 K
Citadel Advisors Llc2023-09-30
756.7 K
Blackrock Inc2023-12-31
12.6 M
Fmr Inc2023-12-31
11.2 M
View Wolverine World Diagnostics

Wolverine World Historical Income Statement

Wolverine World Wide Income Statement is one of the three primary financial statements used for reporting Wolverine's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Wolverine World Wide revenue and expense. Wolverine World Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Wolverine World's Total Operating Expenses is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 899 M in 2024, whereas Interest Expense is likely to drop slightly above 60.3 M in 2024. View More Fundamentals

Wolverine Stock Against Markets

Picking the right benchmark for Wolverine World stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Wolverine World stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Wolverine World is critical whether you are bullish or bearish towards Wolverine World Wide at a given time. Please also check how Wolverine World's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wolverine World without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Wolverine World Corporate Directors

Wolverine World corporate directors refer to members of a Wolverine World board of directors. The board of directors generally takes responsibility for the Wolverine World's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Wolverine World's board members must vote for the resolution. The Wolverine World board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Jeffrey BoromisaIndependent DirectorProfile
David KollatLead Independent DirectorProfile
Gina BoswellIndependent DirectorProfile
Michael VolkemaIndependent DirectorProfile

How to buy Wolverine Stock?

Before investing in Wolverine World, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Wolverine World. To buy Wolverine World stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Wolverine World. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Wolverine World stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Wolverine World Wide stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Wolverine World Wide stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Wolverine World Wide, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Wolverine Stock please use our How to Invest in Wolverine World guide.

Already Invested in Wolverine World Wide?

The danger of trading Wolverine World Wide is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Wolverine World is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Wolverine World. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wolverine World Wide is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Wolverine World Wide is a strong investment it is important to analyze Wolverine World's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wolverine World's future performance. For an informed investment choice regarding Wolverine Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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When running Wolverine World's price analysis, check to measure Wolverine World's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wolverine World is operating at the current time. Most of Wolverine World's value examination focuses on studying past and present price action to predict the probability of Wolverine World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wolverine World's price. Additionally, you may evaluate how the addition of Wolverine World to your portfolios can decrease your overall portfolio volatility.
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Is Wolverine World's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wolverine World. If investors know Wolverine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wolverine World listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.78)
Dividend Share
0.4
Earnings Share
(0.51)
Revenue Per Share
28.248
Quarterly Revenue Growth
(0.21)
The market value of Wolverine World Wide is measured differently than its book value, which is the value of Wolverine that is recorded on the company's balance sheet. Investors also form their own opinion of Wolverine World's value that differs from its market value or its book value, called intrinsic value, which is Wolverine World's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wolverine World's market value can be influenced by many factors that don't directly affect Wolverine World's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wolverine World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wolverine World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wolverine World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.